3,455 Shares in Construction Partners, Inc. (NASDAQ:ROAD) Bought by Federated Hermes Inc.

Federated Hermes Inc. bought a new stake in Construction Partners, Inc. (NASDAQ:ROAD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,455 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in shares of Construction Partners by 3.7% during the 4th quarter. Arizona State Retirement System now owns 12,225 shares of the company’s stock valued at $532,000 after buying an additional 439 shares during the last quarter. NBC Securities Inc. acquired a new stake in Construction Partners in the third quarter valued at approximately $26,000. Operose Advisors LLC bought a new stake in Construction Partners in the third quarter worth approximately $38,000. Swiss National Bank increased its stake in shares of Construction Partners by 1.2% during the 3rd quarter. Swiss National Bank now owns 91,100 shares of the company’s stock worth $3,331,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Legato Capital Management LLC raised its holdings in shares of Construction Partners by 14.6% during the 4th quarter. Legato Capital Management LLC now owns 11,935 shares of the company’s stock valued at $519,000 after purchasing an additional 1,525 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ROAD shares. Stifel Nicolaus upped their price objective on shares of Construction Partners from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Robert W. Baird lowered Construction Partners from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $46.00 to $50.00 in a report on Monday, February 12th. Finally, Sidoti lowered Construction Partners from a “buy” rating to a “neutral” rating and set a $59.00 target price for the company. in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Construction Partners Stock Up 0.4 %

ROAD stock opened at $51.50 on Monday. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 47.69, a price-to-earnings-growth ratio of 1.33 and a beta of 0.68. The company has a 50-day moving average of $52.79 and a two-hundred day moving average of $46.34. Construction Partners, Inc. has a 52-week low of $24.20 and a 52-week high of $58.65. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.75 and a quick ratio of 1.39.

Construction Partners (NASDAQ:ROAD) last announced its earnings results on Friday, February 9th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $393.62 million. Construction Partners had a return on equity of 11.56% and a net margin of 3.52%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS. As a group, equities research analysts anticipate that Construction Partners, Inc. will post 1.34 EPS for the current year.

Construction Partners Profile

Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.